Here are 5 Poorest countries in Africa which economy and living of standard are still striving to emerge from poverty. ‘Poorest countries in Africa‘ World is full of prosperity and nature but there are some countries where people live in poverty.
5 Poorest countries in Africa
Current International Dollar: 1,280 |
80% of its landmass consists of the Sahara Desert and a rapidly growing population, largely dependent on small-scale agriculture, with Niger under threat from the desert and climate change.
Food insecurity is high, because disease and mortality And repeated clashes with the jihadist group and Islamic State (ISIS) affiliate Boko Haram have displaced thousands of people.
One of the main drivers of the economy – the extraction of valuable natural resources such as gold and uranium, is also prone to volatility and low commodity prices.
Nevertheless, the largest nation in West Africa has entered a new political and economic transition. From the political coup since independence from France in 1960, in 2011,
Nigerian President-elect opposition leader Mahamadou Issouf was declared the winner. Since then, the adoption of a new investment code, improved credit and to some extent faster access to water have contributed to a sharp increase in foreign direct investment.
2. Democratic Republic of Congo (DRC)
Current International Dollar: 791 |
Since gaining independence from Belgium in 1960, the Congo has faced decades of dictatorship, political instability and continued violence. Now the country is ready to turn one page: On 24 January 2019, Felix Antoine Tseisekedi Tsilombo – son of veteran opposition leader Etienne Tsekkedi – was elected as the new president.
His controversial predecessor Joseph Kabila – who has ruled since the success of his murdered father in 2001 – is credited with bringing to an end, what is commonly called the “Great African War”, a conflict that has led to 6 million lives Claimed, either a direct result of a fight or disease and malnutrition.
poor country in africa
However, they made little effort to improve the lives of war survivors: 60% of the country’s 77 million population still live on less than two dollars per day. With 80 million hectares of arable land and more than a thousand minerals and precious metals under its surface.
The Democratic Republic of Congo has the potential to become one of the richest African countries and is a driver of growth for the entire continent according to the World Bank. Political instability and endemic corruption continue to frustrate that capability.
3. Central African Republic (CAR)
Current International Dollar: 746 |
The Central African Republic, rich in gold, oil, uranium and diamonds, is home to very poor people. However, after claiming the title of poorest in the world for the best part of the decade, this nation of only 4.7 million is showing some signs of progress.
For the first time since its independence from France in 1960, the Central African Republic democratically elected a president in 2016: former mathematics professor and Prime Minister Faustin Archeb Toudera, who campaigned as a peacekeeper, a Muslim minority and among could bridge the partition. Christian majority.
While his successful election has been seen as an important step towards national reconstruction, the path to recovery of about 75% of the population living below the poverty line would be very long. Development is already picking up, driven by the timber industry and revival of both agriculture and the mining sector.
The economy is also benefiting from partially resumed sales of diamonds, which were found to finance inter-religious armed groups and operate internationally in 2013. So far, the government has struggled to restore sales and has seen only a fraction of this revenue once.
Current International Dollar: 1,234 |
One of the smallest countries in Africa, Malawi has made progress in recent years in improving economic growth and implementing important structural reforms. Its per capita GDP, which rose from $ 975 in 2010 to $ 1,200 in 2018, is now projected to reach $ 1,580 by 2024.
This reformed approach has been seen by a stable and democratic government which has received considerable financial support from both IMF and I, World Bank.
Poverty in africa
Nevertheless, poverty is still widespread, and the country’s economy – largely dependent on rainfed crops – remains vulnerable to weather-related shocks. As a result, while living standards are generally improving in urban areas, food insecurity in rural areas is extremely high.
General elections will be held on 21 May 2014, with current Speaker Peter Mutharika, who took office in 2014, facing stiff opposition. Malawi is a generally peaceful country with stable governments since gaining independence from Britain in 1964. However, conflicting election results are far from being an anomaly.
Current International Dollar: 727 |
The tiny Burundi country, which has been battered by Hutu-Tutsi ethnic conflict and civil war, has fallen two places in the rankings since last year. President Pierre Nkurunziza, a former Hutu rebel who won a third term last year in controversial elections, was boycotted by the opposition after a failed coup has come under international pressure.
In March 2016, the European Union, Burundi’s largest donor, cut government funding in an effort to force Nkunziza into negotiations to end the political deadlock.
The political crisis pushed the country into recession and the Burundi government, which banned trade with neighboring Rwanda in July 2016, contributed to rising prices for staple foods such as potatoes, citing concerns over food security. The country’s main export coffee production has also declined.
According to the latest UNDP Burundi survey, 82.1% of the population lives at $ 1.25 or less a day and 90% of the Burundian population is dependent on agriculture. As a result, it is highly sensitive to population fluctuations, export restrictions and food shortage.
Other than these, there are more poorest countries in Africa.